RE:Should Read K-K Worth Approximately $6.27 USD ShareUrsus,
The IVN Company studies are excellent, running hundreds of pages,and compiled by independent Qualified Professionals, who take their job seriously. I'd rather reference those than NAV (Net Asset Value) calculations from various brokers, compiled over a few days, which usually tend to be optimistic. I'm not putting those brokers down, but if given a choice, I'll always pick the study that has itemized every cost and revenue for the proposed mine. I disagree that these studies are too conservative. In practise, geologists and engineers frequently come under tremendous pressure from their client to improve the bottom line. Squabbles over various costs are common. This often leads to studies which somewhat overstate value, especially when they are performed in house, not independently. As one CEO put it, "We had a license to lose money".